[Part 1B Part 4A Permission: Authorised Persons Who are not PRA-authorised Persons]

[2A

Introduction

If the person concerned (“A”) carries on, or is seeking to carry on, regulated activities which do not consist of or include a PRA-regulated activity, the threshold conditions that are relevant to the discharge by the FCA of its functions in relation to A are the conditions set out in paragraphs 2B to 2F.

2B

Location of offices

(1)     Unless sub-paragraph (3)[, (4)(a) or (7)] applies, if A is a body corporate incorporated in the United Kingdom—

(a)     A's head office, and

(b)     if A has a registered office, that office,

must be in the United Kingdom.

(2)     If A is not a body corporate but A's head office is in the United Kingdom, A must carry on business in the United Kingdom.

(3)     If—

(a)     A is seeking to carry on, or is carrying on, a regulated activity which is any of the investment services and activities,

(b)     A is a body corporate with no registered office, and

(c)     A's head office is in the United Kingdom,

A must carry on business in the United Kingdom.

(4)     If A is seeking to carry on, or is carrying on, an insurance [distribution] activity—

(a)     where A is a body corporate incorporated in the United Kingdom, A's registered office, or if A has no registered office, A's head office, must be in the United Kingdom;

(b)     where A is an individual, A is to be treated for the purposes of sub-paragraph (2) as having a head office in the United Kingdom if A is resident in the United Kingdom.

(5)     “Insurance

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